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RE: Why Hodlers Handle Bull Markets Worse than Bear Markets?

in LeoFinance2 years ago

My 2015 experience in the stock market is similar to my 2021 entry into cryptocurrency. 2015 was a disaster followed by six years of profitability. Though I entered cryptocurrency near the peak of the bull market in 2021, crypto is different from the stock market in at least two ways. In crypto, though we see prices crashing, the quantity of your holdings is growing and such growth is branching out to other tokens. This somehow offset the loss. This changes my mindset in the way I do my trading-holding strategy.

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the quantity of your holdings is growing and such growth is branching out to other tokens

This doesn't happen in all cases though. Hodling bitcoin in a cold wallet, although recommended for bitcoin for security reasons, doesn't grow their numbers. On Hive (but not only), there are many ways to grow the number of your tokens, regardless of market conditions. In fact, you've just increased the amount of your HIVE Power (and other tokens) by making this comment and by receiving my upvote.

And I appreciate your upvote.

I was mainly saying this in case non-Hivers were reading it since the post was advertised outside Hive and for them to see one way to earn tokens in action. 😉

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